Becoming an Actuary

Actuaries have the skills to find pure, honest insights hidden in business data. Insights that enables business decision-making, which can change businesses, industries and even countries.
Learn more about what actuaries do, where they work and how you can go about becoming one.

Meet some of our members

Everyday actuaries take on important challenges. Recently we gave some actuaries another challenge – explaining what they do.

Studying with the Institute

The Actuaries Institute is committed to promoting and maintaining a high standard of actuarial practice and educating the next generation of actuaries by providing or arranging effective, valued and inclusive education.

Professionalism Course

The Professionalism Course focuses the ethical requirements of being an actuary and the dilemmas actuaries are likely to face in practice.

Events

The Actuaries Institute works to support the professional aspirations of our members by providing events and seminars that promote and advance knowledge in specialist areas of actuarial science and provide the opportunity for the development of strong professional networks.

Professional Development & Regulation

The Actuaries Institute is committed to supporting and protecting the actuarial profession and its members through continuing professional development, research and the development of Professional Standards and Practice Guidelines.

Capability Framework

The Actuarial Capability Framework outlines the core skills an actuary needs to do their job. Find out how you measure up with the Capability Assessment Tool.

Knowledge Bank

The Actuaries Institute is committed to the development of actuarial science through research and the expansion of the profession into new areas of endeavour. Access articles and papers of interest to practitioners, including intellectual property from past events.

Actuaries in Microfinance

Find out more about how actuaries can make a valuable contribution to the development of the sustainability of the microfinance industry.

Practice Area

Actuaries are working in a growing number of industries. Major areas of demand and interest include life insurance, general insurance, superannuation, investment, health, risk management and financial services.

Each of these areas is supported by a council committee which facilitates and drives thinking, discussion and activity within its own particular field of expertise.

Actuaries Managing Risk

Developed as part of the RMPC’s strategy to improve communication, Actuaries Managing Risk includes profiles of actuaries and the RMPC Knowledge Database.

Public Policy and Media

The Actuaries Institute is committed to promoting the actuarial profession and is recognised as a source of authoritative, professional and independent comment for the financial services sector and non-traditional areas such as health, environment, climate change, genetics and information technology.

Public Policy

Participate in the policy development process through our Public Policy Council Committee, Practice Committees, Taskforces and Working Groups.

About Us

The Actuaries Institute is the professional body representing the actuarial profession in Australia and is committed to promoting and maintaining a high standard of actuarial practice and representing and supporting its members.

Climate Risk Disclosure – financial institutions feel the heat

by Sharanjit Paddam and Stephanie Wong

Climate change raises real risks and opportunities for financial institutions which need to be identified, managed and disclosed. In this issue, two senior actuaries recommend an eight-point strategy to address climate change.

Key points

Australian institutions are ill-prepared for the impact of rising temperatures and extreme weather events and the effect these will have on their balance sheets.

Banks and general insurers have acute and long-term exposures and many Australian financial institutions have yet to understand the scope of the risk and their opportunity.

The impact across industries of rising temperatures and an increase in floods, bush fires and cyclones, are likely to result in acute physical risk to property.

There is a legal risk for financial institutions if there is a finding in favour of shareholder action over inadequate disclosure of climate change risks.

The transition to low carbon energy presents both risks and opportunities for financial institutions, investors and workers.